Payroll Accountant at MultiChoice

Key Performance Objectives

Payroll Compliance

• Payroll compliance is essential to ensure that we meet all legal and regulatory requirements related to payroll accounting practices. Non-compliance can result in fines, legal actions, and damage to the company’s reputation. It also means fair treatment of employees, leading to better morale and trust within the organization.
• Assist in the development/creation, implementation, and maintenance of system of robust controls, procedures and policies relating to the payroll function.
• Responsible for monitoring compliance to accounting policies, payroll legislation, internal controls, and policies.
• Support internal and external audits process and ensure that any findings are resolved.
• Work with cross functional teams in the shared services and business to ensure compliance, accuracy, and efficiency in financial areas.
• Review and approve all payments prepared by the payroll teams.
• Ensure accuracy and compliance of journals, payments and reconciliations through quality assurance reviews and advise team of corrective action to be taken.
• Ensure SOP’s and internal procedures are adhered to and updated when there is a change.
• Maintain confidentiality and ensure adherence to POPIA.

Accounting Activities

Preparing, Reviewing, Creating Journals:

• Extract and balance payroll journal for posting into SAP for the Multichoice Companies
• Calculate and process leave provisions.
• Calculate and process bonus provisions.
• Prepare, post, and reconcile the cashbooks.
• Review and process reallocation journals from business.
• Recognising the salary costs of associate companies on SAP and submitting the invoice to the relevant Finance Managers
• Allocating Payroll deductions to the GL (Income statement, Balance sheet or staff debtor accounts)
• Ensure SLA requirements are met by posting journals requested on SMAX.

Balance Sheet Reconciliations:

• Prepare Balance Sheet reconciliations on Blackline (approx. 50).
• Investigate reconciling items and resolve the current outstanding items (including but not limited to passing adjusting entries, following up with payroll administrators, investigating non-payroll related entries and tracing to the source)
• Ensure KPI’s are meet by meeting balance sheet reconciliation quality requirements every month.

Income Statement Reconciliations:

• Prepare monthly Income Statement reconciliation for payroll expense accounts.

Payments:

• Process confidential payments, as per Management request.
• Process bursary payments.
• Maintain debtor’s book for payroll related debt.

SMAX:

• Ensure adherence of SLAs by monitoring and allocating SMAX calls.
• Resolving payroll related queries

Payroll Analytics

• Payroll Analytics is a value adding activity to ensure accurate payroll data and to provide meaningful report to our customers.
• Extraction of all month end reports from Sage 300.
• Analysing payroll data and providing meaningful reports to business.
• Preparation of month end payroll management reports
• Extract and distribute cost centre reports.
• Prepare and request monthly funding for salary costs and agree to costing reports received from various payroll administrators.
• Supporting customers with payroll analytics
• Assist in preparing the Monthly Management Packs and Month End Close Packs
• Distribution of agreed monthly payroll reports.

Innovation and Continuous Improvement

• Shared Services drives a culture of continuous improvement and innovation.
• Ensure standardisation of payroll accounting processes across all countries.
• Collaboration across teams to streamline processes to improve ways of working.
• Adhoc projects that arise on a continuing basis.
• Support Shared Services initiatives of process improvements, people practices, business efficiencies, and improved governance.

Continuous Learning & Development

• Keep up to date on changes in related legislation.
• Ensure all company-initiated courses are completed on time.
• Self-development to stay relevant in the accounting profession.

Qualifications

• Minimum a B.Com Degree